2026-01-02 19:20:12

#数字资产动态追踪 Arthur Hayes has been very active over the past two weeks, releasing $5.53 million worth of ETH positions. However, this guy hasn't run away; instead, he's quietly reallocating his portfolio—shifting funds into several popular DeFi tokens: PENDLE, LDO, ENA, and ETHFI. There's an interesting story behind this move: top traders are voting with their actions, believing that the risk-reward profile of current DeFi yield protocols has surpassed simply holding ETH.

What’s particularly noticeable is that Hayes has increased his positions mainly in PENDLE and ENA, which are yield optimization protocols. Coincidentally, recently, the total locked value (TVL) in the DeFi ecosystem has been climbing, and on-chain fee revenues have hit new highs. This combination of signals confirms that some yield protocols are indeed benefiting from this growth wave.

For ordinary investors, following the big players’ rotation strategies sounds appealing, but don’t get caught off guard by this delayed information. Whales react much faster than retail investors, and by the time you chase the high, it’s often already too late. The real test is—can you distinguish whether this is genuine fundamental rotation or just a short-term hype wave?

ETH3,89%

PENDLE7,48%

LDO2,45%

ENA8,9%

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MEVHunterWang

· 3h ago

I understand Hayes' move now, which is hinting that the era of DeFi yield protocols is coming. For small investors like us, it might already be too late to chase now...

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AltcoinHunter

· 3h ago

Hayes is showing off his moves again, selling $5.53 million just like that. We're still debating whether to cut at ten dollars. I've had my eye on PENDLE and ENA for a while, but the timing of this entry... feels like we're about to get cut again. It's the big fish eating the small fish, while we just sip the soup. The information gap is right here, so we can't chase. However, the recent surge in DeFi is real. Yield protocols do have some substance, but it all depends on whether we can distinguish between fundamentals and pure speculation.

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consensus_failure

· 3h ago

Top traders adjusting their positions—just watch and learn, don't follow the trend blindly.

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GasBankrupter

· 4h ago

I think Hayes's move this time is quite clear; the risk-reward ratio on DeFi definitely beats just holding ETH directly. Wait, us small retail investors will never catch up with the big players' pace, to be honest. Regarding PENDLE and ENA, I think we should understand them thoroughly before making a move, don't follow blindly. The idea of earning dividends from yield protocols sounds tempting, but we also need to watch the fundamentals. Is this wave really driven by fundamentals rotation or just speculation? Honestly, I'm a bit unsure.

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